Economic Indicators of Labor Market and Governmental Policies to be Taken for Their Improvement: The Case of Albania

Abstract

In this study, we are focused on the analysis of labor market based on economic indicators such as employment, unemployment, and participation in the labor force by trimester data of year 2018 and 2019. Such data have been provided by INSTAT (Institute of Statistics, Albania) publications related to employment rate, unemployment of the population and participation in labor forces in accordance with age group and gender, and after their being elaborated and analyzed, the relevant conclusions have been drawn. In our work, we have used the descriptive method, based in comparative analysis expressed in percentage in relation to economic indicators that we have used in our study. The descriptive analysis is also focused on the interpretation of charts and graphics relying on comparative analysis of age group and gender by trimester and annual change. This study’s purpose mainly aims to show the trimester and annual change for economic indicators that we have taken into study such as employment and unemployment rate and participation in labor forces. The difference between these trimester and annual indicators has been taken in analysis by analyzing the average degree of the respective changes. This study also aims to determine which are some measurements and governmental policies that must be undertaken to improve such economic indicators.